Electronic supplier payments
Requirement
Functionality for electronic payments and remittances of invoices to approved suppliers, through the banking systems of a specific country, is a normal business requirement.
All bank transactions are cleared centrally.
This country is part of SEPA. SEPA and non-SEPA payments can be processed. The SEPA Credit Transfer format is based on the general ISO 20022 standards. These specifications are based on the Swiss Payment Standards.
M3 solution
The supplier payment proposal is used to select the invoices and the credit invoices that are to be included in a payment run. On update of the proposal, a detailed electronic payment file, to domestic, SEPA or international banking standards (non-SEPA), is produced.
The SEPA and non-SEPA, including domestic electronic supplier payment messages, are delivered with this country version.
The Swiss ISO 2002 (SEPA CT) mapping for credit transfers is supported by M3 for these Swiss payment types:
| Payment type | Description | Currency |
|---|---|---|
| 3.1 | Domestic bank transfer in CHF or EUR | CHF or EUR |
| 3.2 | QR with QR-IBAN and QR-Reference (QRR) | CHF or EUR |
| 3.3 | QR with standard IBAN and other reference (IPI) | CHF or EUR |
| 4 | Domestic bank transfer in a foreign currency | Neither CHF nor EUR |
| 5 | Foreign SEPA transfer (SCOR) | EUR |
| 6 | Foreign non-SEPA transfer | Any currency |
The message section named Credit Transfer Transaction Information, or C-Level, is created per payment document number for all payment types.
These limitations apply:
- Check payments (CHK) are not supported, only transfers (TRF) are supported.
- The XML elements for the instruction priority and the clearing channel are not supported.
- The XML elements for the ultimate creditor and the ultimate debtor are not supported. The corresponding XML elements are not created.
- Payment status reporting, in pain.002 format or a similar format, is not supported.
- The current ABS functionality is used for the feedback of the bank statement in CAMT.054 format.
For this country version, this Financial Business Message (FBM) is used: M3FBM_CH_Out_SupplierPayment_SEPA_113_CH02_CreditSuisse.
See the Infor M3 Cloud Configuration Guide for the ION configuration of these messages.
You can find the attachment on Knowledge Base articles (KB 2156163) for more details on the entire supplier payment process and parallel invoice number handling.